[ferro-alloys.com] Recently, vanadium market in China is stable and weak, although prices of vanadium products quoted by leading enterprises like Ansteel, Jianlong and Desheng maintain stable, however, as time goes on, weakening vanadium market at home and abroad affected more on prices of vanadium pentoxide powder and ammonium vanadate, there more enterprises that have lowered their offers. Currently, vanadium pentoxide powder 98% is mainly quoted at 188,000 to 192,000 RMB/MT (including VAT); vanadium pentoxide powder 99% is mainly quoted at 202,000 to 208,000 RMB/MT (including VAT). Ammonium metavanadate 98% is mainly quoted at 177,000 to 180,000 RMB/MT(including VAT); ammonium metavanadate 98% is mainly quoted at 146,000 to 150,000 RMB/MT(excluding VAT); ammonium polyorthovanadate is mainly quoted at 178,000 to 181,000 RMB/MT(including VAT). Vanadium market is in a stalemate at high price, where wait-and- see atmosphere is stronger. Activities of making offers by traders have decreased, and part enterprises do not make offers and they showed that the prices would be “one order one negotiation”. Resources in the market are still not much and the conclusion is mild. Concluded prices of vanadium pentoxide powder and ammonium vanadate have dropped slightly from the prices at earlier period. “Prices are expected to continue to slip in the following period, but the extent should not be too large”, a trader said. 

• [Editor:Wang Linyan]